WA Osborne Park - Perth

Anything wrong with Osborne Park ? Is it too industrial ?

Median price $405k (down 13% in past year). Just checking out it's neighbours - Innaloo $595k, Yokine $575k, Joondanna $618, Woodlands $950.

 

Split by the free way. Left side is almost 100% commercial. It's basically a sub CBD, has everything anyone needs. The right side has some light industrial but is mostly residential.

I think its a great area because it has excellent access to the city by road or train, excellent access to is own employment hub, and isn't much of a drive to the beach.

The main problem with it is that majority of properties there suck. They either back onto the freeway or are in an aging block of lots of units. Avoid these and you'll probably do okay.

 

I think the area went through (or proposed??) a bit of rezoning too so might find some development potential.

 

I think innaloo would be a better bet than osborne park. Good location. Everything you need close by

 

Plenty of already well zoned land there but everyone wants crackpipe prices for it. similiar to Tuart Hill.

 

Yes so true. Wtf

 

The only part of it that is worth living in or buying for investment purposes is the area bordered by Hutton St, Main St and Karrinyup Road. The other end is seedy.
Excellent connections to city and facilities in general area throughout the whole suburb itself.
Shopping area, cafe strip needs more gentrification along Main Street but has potential.

 

Has some attractive newer low rise commercial builidings on the east side of Main St, this is the Tuart Hill side but the west side, Osborne Park has been left to flounder.
Not sure why that is.
Car parking is becoming an issue probably because it's still free.

 

I'd have to disagree with you RE Tuart Hill, whilst that part you named is better than the other areas of Tuart Hill that is covered by state housing, looking at a triplex dev site, the pricing of Tuart Hill is the same as Joondanna, Scarborough, Doubleview & Innaloo...all of which i'd rate higher than Tuart Hill.
Even Yokine is similiar priced which you'd take any day of the week over Tuart Hill.

 

It doesn't look like you read the whole thread.
The reference to Tuart Hill is regarding the quality and aesthetics of the commercial buildings on the east side of Main Street.

 

Tuart Hill and Joondanna are essentially the same area.

 

What areas in Tuart Hill are covered in State Housing?
The only part I've seen with Homeswest is near the college over the road from the park. Right next to the Joondanna border.
All suburbs have a homeswest allocation, not Iike it's an orphan in that regard.
I have a theory that the development sites are high across the board because all the old ethnics that own them were in cahoots keeping the supply side strained. Villas have always gone like hot cakes there.

 

Jamie, this comment unfounded and you are either trying to talk down Tuart Hill (to purchase your triplex cheaper) or have a lack of knowledge of the area. The price of the area south of Tuart Hill (i.e. south of Cape Street) should be the same as Joondanna, as they are essentially the same area. I live there and can tell you there is no disconnect or major road or anything else separating the two. Also the type of houses and now multi dwelling developments that have been/being built in this area is equivalent or better than Yokine. I would also argue that the only thing that matters to people who live in these inner suburbs is their proximity to the city, of which this area of Tuart Hill/Joondanna has over the all the other suburbs you mentioned.

 

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Tuart Hill used to be called Joondanna Heights.
It's essentially the same suburb. Why would there be any disconnect in prices?

 

Buyer perception.

 

If anything, the western side of Tuart Hill has quicker links to the freeway and city than Joondanna South. If you live in Joondanna South near Green Street, you have to battle out onto Green St and either use Charles St or try and clamber onto Scarborough Beach Road where it intersects with Green St to get near the freeway.
From the western side of Tuart Hill you have the choice of about 3 slip roads straight off Main St to get on the freeway.
Yokine has even worse links, it isn't even near the freeway. Have to drive through Tuart Hill to get to it.
Innaloo doesn't have a better name than Tuart Hill and has a considerable share of Homeswest itself.

 

but not the same median prices, Joondanna end values higher, buyers see this as a far more desirable area.

 

Never said that it did have the same median prices, that was your mate.

 

The terms "far more" would be pushing it as well.

 

I lived in Yokine for years and family in Joondanna, Tuart Hill always been the poor relative to these areas, hence lower median.